Barclays CEO Jes Staley is being investigated by UK regulators over his ties to Epstein — 'I wonder if he can survive this'
Barclays says its CEO is being probed by UK regulators over his relationship to Jeffrey Epstein.
Britain's Financial Conduct Authority, along with the regulatory watchdog, Prudential Regulation Authority are looking into "Mr. Staley's characterisation to the company of his relationship with Mr. Epstein, and the subsequent description of that relationship, in the company's response to the FCA," Barclays said in a statement on Thursday while reporting fourth quarter earnings.
While "Staley has steered the ship through some choppy waters for European banking," Wilson said, revenues missed consensus targets. The bank, blaming macro uncertainty and low interest rates, backed down from its goal of a more than 10% return on tangible equity in 2020.
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